SpendEdge, a global procurement market intelligence firm, has announced the release of their Global 4PL Category – Procurement Market Intelligence Report.
The strategic move of the e-commerce giants to establish their own logistics network to minimize their operating cost will pose as a significant hindrance for the spend momentum of the 4PL category during the forecast period. However, the practice of outsourcing logistics operations by buyers to 4PL service providers to focus on their core operations and to achieve cost savings on their logistics needs will serve as one of the prime spend accelerators for the 4PL category. Get access to the Free Sample copy of the 4PL market intelligence report here!
Increasing complexities in supply chain management are compelling buyers to migrate from 3PL service to 4PL logistics in the US because of the latters ability to offer enhanced and comprehensive management of the supply chain. Over 65% of buyers are engaging with logistics providers to leverage their 4PL service lines in the US. Brexit is anticipated to create massive supply chain complexities that will delay goods movement due to the re-imposition of customs checkpoints in the region. This will drive the category adoption in Europe to a significant extent.
Considering the undulating growth curve of this category, this 4PL procurement research report offers insights into the cost drivers and spend potential in different geographies. Such insights are critical for buyers who can devise pricing strategies that are specific to the market dynamics of different regions and can help buyers identify cost-saving opportunities. This 4PL procurement research report also highlights the current supply market developments to help the buyers choose the appropriate vendors who can promise a steady supply assurance. Not what you are looking for? Request for free customization of this 4PL market intelligence report.
Technological capability is one of the critical supplier selection criteria for the 4PL category. Such capability can earn buyers enhanced visibility across the entire supply chain, minimized cost, and TAT, says SpendEdge procurement expert Tridib Bora.
This 4PL market intelligence report has highlighted the following factors to play critical roles in influencing category spend. They include:
- Entry of 3PL service providers is increasing the competition in the category
- Horizontally integrated service providers can offer high cost savings to buyers
- Get the full 4PL market intelligence report to know more about the complete scope of this report
SpendEdge is now offering limited-time discounts on report purchases. Buy two reports and get the third one for free.
SpendEdges procurement market intelligence reports for the logistics, warehousing and transportation category offer information on critical cost drivers and category pricing strategies to help the buyers achieve significant cost-savings. The supply market forecasts offer information on supplier performance benchmarking criteria to help buyers reduce spend and establish better SLAs. Additionally, SpendEdges reports offer category management insights and procurement best practices for the category.
Report scope snapshot: 4PL
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Threat of new entrants
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Category management enablers
- Procurement organization
- Category enablers
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- Category hierarchy
- Category scope
- Category map
- To view this the complete table of contents for the market intelligence report, Download a FREE sample
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